Exam (elaborations)

Adjuster Pro - Insurance Adjusting Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!>

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Uploaded on September 17, 2024
Number of pages 55
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

adjuster pro
insurance adjusting
english
adjuster pro insurance adjusting

Institution ENGLISH
Course ENGLISH

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Adjuster Pro - Insurance Adjusting
Exam Questions Reviewed And
Revised With Correct Answers
<Guarantee Pass |Updated!!>

Which of the following statements about the Standard Flood
Insurance Policy is FALSE?
It is subject to state courts
In Ocean Marine insurance, this clause appropriates the loss
to one company, rather than spreading the loss among all
cargo owners.
Particular Average
Which of the following situations does NOT involve an
insurable risk?
Dale just bought 30 shares of a hot new startup company
online.
An insurance contract is an agreement between two parties
where each side promises to be truthful, factual, and honest
about their respective positions. Therefore, an insurance
contract is said to be a contract of:
utmost good faith.

,Once a claimant files a complaint to the court, the claimant
will become the
plaintiff
Which of the following is NOT a characteristic of insurance
contracts?
Universal
Strict liability
holds a person liable for his actions regardless of how much
care he demonstrates.
Which of the following best describes who adjusters can work
for?
Either insurers or claimants
What is one thing that an adjuster is not able to negotiate
about?
Punitive damages
Which of the following statements does NOT apply to the
Standard Fire Policy?
It automatically covers wind and vandalism
Which of the following is NOT true of Personal Injury
Protection?
Pip is usually secondary coverage
Which statement BEST describes Umbrella coverage?

,Excess liability insurance that can also provide additional
coverages not provided by the base policy
Which statement BEST describes the "Follow Form" in excess
liability coverage?
Excess liability insurance that "follows" the base insurance
policy to the letter
When Emma’s house was burglarized, the thieves stole
several pieces from her art collection. Although the pieces
were only prints, Emma files a claim stating that they were
originals, and therefore worth a good deal more than they
really are. What has Emma committed?
soft fraud
Bill holds a hull policy for his cargo ship which sails between
China and the United States, transporting wooden toys. On
voyage (i) his vessel is damaged by pirates. On voyage (ii) the
vessel is damaged by striking employees. On voyage (iii) the
vessel is destroyed when it strays into a war zone and is struck
by a missile. Bill’s losses will be covered by his hull coverage
for which of these voyages?
i. only
Which of the following statements about MPCI is FALSE?
MPCI is a form of crop-revenue insurance.
Disability payments through workers' compensation insurance
are primarily based on:

, Martin regularly travels much of the state for work, so his
employer has given him a company car. Which endorsement
to Martin’s PAP would provide him with liability coverage for
the company car?
Extended non owner
Lemon Insurance Co. decides not to renew Hugh's Personal
Auto policy, which is set to expire on May 31. Which of the
following statements is TRUE?
lemon Insurance must notify Hugh at least 45 days before the
policy expires.
What is the most common type of Time Element Insurance?
Business Interruption Insurance
Which of the following homeowners policies provide coverage
on an open-peril basis for personal property without
endorsement?
HO-5
In a Commercial Crime policy, a “messenger” is defined as:
the insured, a business partner, or an employee who has care
or custody of insured property inside the premises, excluding
anyone acting as a watchperson or janitor
After a loss covered under a dwelling policy, Ordinance or Law
coverage pays for:
increased repair costs due to laws or codes.

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Exam (elaborations)

Adjuster Pro - Insurance Adjusting Exam Questions Reviewed And Revised With Correct Answers <Guarantee Pass |Updated!!>

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